Can I Use A Debit Card To Make A Purchase On The Gemini Exchange?

Using a debit card allows you to complete a trade instantly and will clear into our account in 48-72 hours, which will then lift the withdrawal hold. You can also set up a recurring buy with your debit card. 

Limits

There is a daily limit of $500 on debit card purchases. You cannot raise this limit by adding more cards. Your daily ACH limit and your debit limit are not related, and do not affect one another.

Withdrawals

Please note that only trades can be executed using your debit card. You can withdraw using a bank transfer (ACH) or wire withdrawal after the debit card purchase has been cleared between 48-72 hours.

Note:There is a 3.49% fee applied to your order when you initiate a purchase with a debit card. For more information on mobile fees, see our mobile fee schedule.

We accept Mastercard & Visa. We do not accept prepaid cards.

You can add a debit card by going to settings on your account, then funding sources methods. From there, please provide the name and billing address for your card, these must match the account holder. 

After this, you will need to verify your card. You will see three small micro-deposits on your bank statement. These charges will be between $0.99 and $1.99 in value (or an equivalent in your local currency). To verify your card, we’ll ask that you please confirm the amount that was charged to you. Once verified, the charges will be reversed. 

Debit Cards can be used to make instant purchases of digital assets. They can not be used to fund your balance.

You can link multiple cards to your Gemini account. You can set a default card, or select another card before purchase. 

The micro-deposits should appear immediately on your bank statement. Please ensure that you are reviewing the correct transaction history, and that your information was directly added to the system. If the name or address of the card are different from that of the Gemini account, the card will not be accepted as a payment method.

If you would like to dispute a charge on your debit card and Gemini, please contact your debit card provider or your issuing bank. This may result in your Gemini account being frozen while the issue is investigated.

If you believe that there has been fraudulent use of your Debit card on Gemini, or that your account is compromised in any way, please contact Gemini support by submitting a ticket here, or by emailing support@gemini.com from the email address associated with your Gemini account.